Equinor approves execution of UK’s first carbon capture and storage projects
London, December 10, 2024, (Oilandgaspress) ––– Equinor, alongside project partners, has announced financial close after taking a Final Investment Decision (FID) to progress to execution phase on two of the UK’s first carbon capture and storage (CCS) projects in Teesside, the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power).
The project expects to commence construction from mid-2025 with start-up in 2028. It includes a CO2 gathering network and onshore compression facilities as well as a 145km offshore pipeline and subsea injection and monitoring facilities for the Endurance saline aquifer located around 1000m below the seabed. It could transport and store up to 4 million tonnes of captured carbon dioxide emissions per year from three Teesside projects initially, rising to an average of up to 23 million tonnes by 2035 with future expansion of the East Coast Cluster.
Equinor is also a partner in NZT Power, which is part of the East Coast Cluster. NZT Power will be a new first-of-a-kind gas-fired power plant with carboncapture, which supports the decarbonisation ambitions across the north-east of England’s industrial regions.
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